Despite Owing R$ 3.3 Billion, Cuba Wants Brazil to Finance New Investments at Mariel Port

Written by Roberta Souza

Published on 21/04/2024 at 10:52

Updated on 21/04/2024 at 11:01

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Despite The Large Investment, About US$ 638 Million Funded By BNDES And The Construction Carried Out By Odebrecht, The Port Complex Did Not Reach Its Expectations Of Becoming A Key Point In The Cuban Economy

As The Ten-Year Mark Since The Start Of Its Operations Approaches, The Special Zone Of The Port Of Mariel In Cuba Faces A Challenging Scenario. According To Ana Teresa Igarza Martínez, The General Director Of The Area, Approximately Half Of Its Area Of 465 Km² Remains Empty, With Only 44 Companies Operating At Full Capacity Out Of A Potential Of More Than One Hundred. The Hope Of Filling This Void Largely Rests On The Support Of Brazilian President Luiz Inácio Lula Da Silva.

Designed To Receive New Panamax Ships, The Port Of Mariel Has Not Received Any Vessels Of That Size Since Its Inauguration. Despite The Large Investment, About US$ 638 Million Funded By BNDES And The Construction Carried Out By Odebrecht, The Port Complex Did Not Reach Its Expectations Of Becoming A Key Point In The Cuban Economy.

According To BNDES Information To BBC News Brasil, As Of September Last Year, The Updated Debt Of Cuba With The Bank, Including Interest, Reached US$ 520 Million – The Equivalent Of Over R$ 2.5 Billion. Updates This Year, According To Poder360, The Government’s Outstanding Debts With BNDES Projects Accumulate US$ 671.7 Million (R$ 3.3 Billion).

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Photo: Area Of The Port Of Mariel, In A 2016 Photo

The Role Of The Government: Alliance For Cuban Economic Recovery

With Lula In Power, The Cuban Government Sees An Opportunity To Revitalize The Port Of Mariel. Considering Lula As A “Brother” And A Key Ally, Cuba Seeks To Attract Brazilian Investments To The Mariel Development Zone. This Strategy Is Crucial To Face The Economic Challenges Faced By The Island, Including The Escalation Of The American Embargo And The Impacts Of The COVID-19 Pandemic.

However, Relations Between Brazil And Cuba Have Experienced Turbulence In Recent Years, Especially During The Governments Of Dilma Rousseff And Jair Bolsonaro. The National Bank For Economic And Social Development (BNDES) Has Not Renewed Loans For Cuba Since The End Of Dilma’s Government, And The Caribbean Country Went Into Default, Owing More Than US$ 520 Million To The Brazilian Bank.

Cuba: Optimism In The Renegotiation Of The Debt And New Loans From BNDES

Despite These Challenges, Martínez Expresses Optimism Regarding The Future Of Economic Relations Between The Two Countries. With Lula As President, There Is Hope For A Renegotiation Of The Cuban Debt With BNDES And A New Cycle Of Brazilian Investments In Cuba, Especially In The Port Of Mariel.

Amidst One Of The Largest Economic Crises Since The 1959 Revolution, Cuba Seeks The Port Of Mariel As A Source Of Hope For Its Economic Recovery. With Lula’s Support And The Prospect Of A Renegotiation Of The Debt With BNDES, The Port Of Mariel Could Play A Crucial Role In The Future Economic Development Of The Caribbean Island.

10 Projects That BNDES Financed In Other Countries

Port Of Mariel (Cuba)
Hydroelectric Plant Of San Francisco (Ecuador)
Hydroelectric Plant Manduriacu (Ecuador)
Hydroelectric Plant Of Chaglla (Peru)
Metro Of Panama City (Panama)
Madden-Colón Highway (Panama)
Chaco Aqueduct (Argentina)
Burial Of The Sarmiento Railroad (Argentina)
Lines 3 And 4 Of The Caracas Metro (Venezuela)
Second Bridge Over The Orinoco River (Venezuela)

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Orlando Vieira

#3430

21/04/2024 20:29

É evidente que Cuba, que traz tremenda quantidade de dólares ao Brasil, via importação, vai receber mais esse bônus. Afinal, são hermanos! Sague latino… Lá tem dono e aqui, imperador. Que se acha engraçado e dono também, do Brasil. Alguém vai reagir à essa brincadeira?! Ainda tem a Venezuela… Vemos essas coisas acontecerem mas não há uma reação de autoridade constituída qualquer.

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Celso Dalanhol

#3394

21/04/2024 18:48

Nem cobrando 100 dólares de cada abitante não conseguirão pagar

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Despite Owing R$ 3.3 Billion, Cuba Wants Brazil to Finance New Investments at Mariel Port

Despite The Large Investment, About US$ 638 Million Funded By BNDES And The Construction Carried Out By Odebrecht, The Port Complex Did Not Reach Its Expectations Of Becoming A Key Point In The Cuban Economy

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Role Of The Government: Alliance For Cuban Economic Recovery

Cuba: Optimism In The Renegotiation Of The Debt And New Loans From BNDES

10 Projects That BNDES Financed In Other Countries

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Despite Owing R$ 3.3 Billion, Cuba Wants Brazil to Finance New Investments at Mariel Port

Despite The Large Investment, About US$ 638 Million Funded By BNDES And The Construction Carried Out By Odebrecht, The Port Complex Did Not Reach Its Expectations Of Becoming A Key Point In The Cuban Economy

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Role Of The Government: Alliance For Cuban Economic Recovery

Cuba: Optimism In The Renegotiation Of The Debt And New Loans From BNDES

10 Projects That BNDES Financed In Other Countries

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

A couple builds a system to bring water from the spring to their land, climbs a hill with materials on their backs, and creates a simple, cheap, and sustainable solution to ensure their own water supply.

The end of total solar eclipses has a deadline: the Moon is moving away from the Earth at about 3.8 cm per year, and in approximately 600 million years, it will no longer completely cover the Sun, ending one of the rarest coincidences in the Solar System.

With 40% of all the gold on the planet buried in a single geological basin that is 2.7 billion years old in South Africa, the Witwatersrand still hides R$ 3 trillion in unreachable reserves.

In the depths of the African forest, these rare and terrifying native species dominate rivers, swamps, and treetops with venom, brute strength, lethal teeth, and behaviors that seem impossible in the heart of the wild.

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